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Nov 17, 2012
11/12
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as ronald reagan said people can vote with their feet. >> jon: ultimate the federal government-- poor people, obviously their suz, the soles are not as quick, have trouble trouble with mobility in some sparse. you're saying the federal government should not be involved in education at all. >> no, the federal government should not be involved in education. >> jon: at all. >> or the constitution should be amended to reflect the consensus that it should. but when the federal government exceeds the constitution and it's the supreme law of the land, how can we trust the federal government to do anything? the federal government might even spy on the country tea chief spy because they think he's having an affair, even though that's against the law they've sworn to uphold. >> jon: if your argument is we can't trust the federal government to do anything how can we trust it to do anything, like fight wars or what it says in constitution to do. >> the constitution was created to give us checks and balances. the states were a check on the federal government. i know you're not going to want to hea
as ronald reagan said people can vote with their feet. >> jon: ultimate the federal government-- poor people, obviously their suz, the soles are not as quick, have trouble trouble with mobility in some sparse. you're saying the federal government should not be involved in education at all. >> no, the federal government should not be involved in education. >> jon: at all. >> or the constitution should be amended to reflect the consensus that it should. but when the...
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Nov 13, 2012
11/12
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may talk about ronald reagan but they haven't really embraced ronald reagan. >> somehow i don't think he hit the nail on the head. but louisiana governor bobby jindal might be onto something. he says the republicans need to stop being the stupid party. wow, the stupid party. there is a war inside the gop and nobody knows how this will end. joining me now, steve kornacki and krystal ball, co-hosts of "the cycle" on msnbc. >> our guys, the upper echelon of the republican party, want to fashion themselves as members of the ruling class. we the country class are not in the ruling class. we're in a problem. >> steve, limbaugh is pointing to a big split in the party. where do you think this is going? is this a fight we're going to see rush and the establishment have? >> yeah. this is the problem for the republican party. that kind of a fight is probably good for rush limbaugh in terms of it gives him something to talk about, gives him status within the conservative movement. and it really allows him to rile up his audience, his base and say, i'm the voice of the pure conservative. it's this
may talk about ronald reagan but they haven't really embraced ronald reagan. >> somehow i don't think he hit the nail on the head. but louisiana governor bobby jindal might be onto something. he says the republicans need to stop being the stupid party. wow, the stupid party. there is a war inside the gop and nobody knows how this will end. joining me now, steve kornacki and krystal ball, co-hosts of "the cycle" on msnbc. >> our guys, the upper echelon of the republican...
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Nov 14, 2012
11/12
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and ronald reagan was president and he said you have to pass the debt ceiling increase. and i went to the florida house and made a speech about how we have already used this credit card and we had to, you know, come to terms with the debt ceiling increase. and i voted for every debt ceiling increase from then on. >> democrat or republican. >> i don't like it, and it is a way to get some leverage. but the problem is not the debt ceiling increase, it was taking action so you don't have to have an increased. >> absolutely. >> very good, very helpful, a good history lesson there. let me do some housekeeping. when we finished tonight, we are going right outside the store for cocktails, chocolates, and cheese. tomorrow morning, breakfast is probably at 7:00 a.m. the program begins at 745. so you need to be in this room at 745 tomorrow morning. most important times tomorrow, if you're thinking about your schedule. another we lose some of you occasionally during the day, the task force starts at 10:15 a.m. we need everyone in this task forces because that's where the core work o
and ronald reagan was president and he said you have to pass the debt ceiling increase. and i went to the florida house and made a speech about how we have already used this credit card and we had to, you know, come to terms with the debt ceiling increase. and i voted for every debt ceiling increase from then on. >> democrat or republican. >> i don't like it, and it is a way to get some leverage. but the problem is not the debt ceiling increase, it was taking action so you don't...
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Nov 12, 2012
11/12
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if she ran and were elected in 2016 she would be younger than ronald reagan was when he became president. >> as appealing as jeb bush would be as a candidate, i think hillary has an advantage here because so many women, republicans as well, would love to vote for hillary clinton, put her as the first lady in the white house. >> i spent the last year in an election and refused to answer that question. [laughter] >> hillary clinton made a lot of friends as secretary of state. some of them were republicans, not traditional fans of clinton. jeb bush is a very likable candidate. but i'd guess that hillary is really -- she works hard at this nomination, she can unify the party big-time and i bet she'll have obama supporting her. chris: and especially if the economy is good the next four years. thanks for the great round table. that's the show. thanks for watching and don't forget that the victims of hurricane sandy are really hurting right now. especially after that new york, new jersey area. these tragedies hurting real families like yours. give them a lift. go to the red cross website. we'll
if she ran and were elected in 2016 she would be younger than ronald reagan was when he became president. >> as appealing as jeb bush would be as a candidate, i think hillary has an advantage here because so many women, republicans as well, would love to vote for hillary clinton, put her as the first lady in the white house. >> i spent the last year in an election and refused to answer that question. [laughter] >> hillary clinton made a lot of friends as secretary of state....
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Nov 12, 2012
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ronald reagan won a lowly landslide with no mandate in 1984. wasn't morning in america? there was a bear in the woods. walter mondale -- and he won 49 states. that is when tax reform became the centerpiece of his administration. >> ok, let's dig into the election. >> whether i have earned your vote or not, i have listened to you, i have learned from you, and you have made me a better president. >> at a time like this, we cannot risk partisan bickering. our leaders have to reach across the aisle to do the citizens work. >> an extremely gracious concession speech by gov. romney. romney lost the state where he was governor, the state where he votes, mass., some pundits have egg all over their faces. what made the difference with this, mark? >> when you run a good campaign, give credit to the campaign. there was an enormous effort. people disparaged the ground game. it was super. is surpassed anything we had seen before. and the president voiced that campaign. at the same time, in a year when americans were furious at pennsylvania avenue and wall street, the republicans chos
ronald reagan won a lowly landslide with no mandate in 1984. wasn't morning in america? there was a bear in the woods. walter mondale -- and he won 49 states. that is when tax reform became the centerpiece of his administration. >> ok, let's dig into the election. >> whether i have earned your vote or not, i have listened to you, i have learned from you, and you have made me a better president. >> at a time like this, we cannot risk partisan bickering. our leaders have to...
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Nov 13, 2012
11/12
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we are separated today from ronald reagan as i was from tom dewey. there is so much about republicanism and conservative that is compelling and that is appealing to people of all kinds of ethnicities, men and women, sexual orientations of every variety. americans are entrepreneurial, workers, savers, and want the message, but don't want to be told that they belong to 47% that doesn't count. >> david, a real fight on your hands within the republican party. david frum, author of "why romney lost," crystal ball and steve kornacki, thank you for joining me. >>> coming up, the first battle that will be fought in the republican civil war will be over taxes and some republicans are already sounding like liberal democrats on that one. carolyn finney and jonathan capehart will join me. sex, lies, and e-mail brought down the director of the cia. tonight, the story is getting stranger by the hour. the newest twist involves the shirtless e-mails of one of the fbi investigatoinvestigators, a the hour, law enforcement officials have conducted a search of paula bro
we are separated today from ronald reagan as i was from tom dewey. there is so much about republicanism and conservative that is compelling and that is appealing to people of all kinds of ethnicities, men and women, sexual orientations of every variety. americans are entrepreneurial, workers, savers, and want the message, but don't want to be told that they belong to 47% that doesn't count. >> david, a real fight on your hands within the republican party. david frum, author of "why...
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Nov 14, 2012
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. >> in your book you say ronald reagan lied about poverty so he could succeed. you wrote middle class folks didn't have to worry they were indulging resentment. they were doing it because those programs hurt poor people. reagan said so. do the republicans still believe this message? >> i don't know if they really believe it. i don't know if they care. they don't care about the poor, but they've been selling it for a long time, ed. i'm with michael. he is looking backwards to an america that wasn't as wonderful as he thinks, and he's becoming kind of like a glenn beck figure. he's really not leaving it alone. when he went here on election night, i thought maybe he'll get over it. the majority of americans voted for barack obama. we have values. the majority of catholics voted for barack obama. a vast majority of jews voted for president obama. he has a problem with white protestant southern evangelical people, but he doesn't have -- it's not his whole coalition is secular. we have values, too. >> professor, how can we not come to the conclusion that bill o'reilly
. >> in your book you say ronald reagan lied about poverty so he could succeed. you wrote middle class folks didn't have to worry they were indulging resentment. they were doing it because those programs hurt poor people. reagan said so. do the republicans still believe this message? >> i don't know if they really believe it. i don't know if they care. they don't care about the poor, but they've been selling it for a long time, ed. i'm with michael. he is looking backwards to an...
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Nov 20, 2012
11/12
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see ronald reagan making the case not for legalization but for amnesty using that word. i think a majority of republicans are pro immigration that the have been afraid for the past six years about that lobby which has an incredible political machine and anybody that says anything constructive about immigration would be called the label primm st, and certainly some talk-show hosts. i think this election cycle has dramatically changed that. i can at least remember half a dozen talk shows had already said my position has evolved and now i am for immigration reform. but that is good because will give cover to a lot of republicans who have avoided this issue will want to deal with this issue to actually do it. so we have to reclaim the issue and we can do it because immigration reform is the conservative position. restriction is part of the nationalist protectionist paradigm and if we are the party of the family come if we are the party of the free market we should not in any way have a restriction as to position if we are for the family i don't see how -- i don't see why we
see ronald reagan making the case not for legalization but for amnesty using that word. i think a majority of republicans are pro immigration that the have been afraid for the past six years about that lobby which has an incredible political machine and anybody that says anything constructive about immigration would be called the label primm st, and certainly some talk-show hosts. i think this election cycle has dramatically changed that. i can at least remember half a dozen talk shows had...
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Nov 15, 2012
11/12
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we haven't touched it since ronald reagan, really, in 1986. bill clinton didn't do so at one point, but we haven't done anything to reform are cool. this capital investment and the people, to follow our country in the competitive environment, and taxes is one of them. when you do that, you will get more revenue. it's guaranteed. again, it is sort of that thing we were talking about earlier. this is an opportunity for us as a country. and if you look at the congressional budget office analysis, what tax reform could mean in terms of macroeconomic impact of growth, i mean, all of them will lead to more growth, whether it is corporate tax reform or individual tax reform. >> he said this was fought over in the campaign and we fought over tax rates. rising tax rates. jay carney, the white house press secretary did say that the president will veto any bill that extends the current tax rates. so he insists that tax rates go up those making over $250,000. what would your recommendation be to the republican party in the senate? >> first, i believe the
we haven't touched it since ronald reagan, really, in 1986. bill clinton didn't do so at one point, but we haven't done anything to reform are cool. this capital investment and the people, to follow our country in the competitive environment, and taxes is one of them. when you do that, you will get more revenue. it's guaranteed. again, it is sort of that thing we were talking about earlier. this is an opportunity for us as a country. and if you look at the congressional budget office analysis,...
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Nov 14, 2012
11/12
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so eisenhower, fdr, ronald reagan and barack obama. i think the idea that barack obama does not have a historic mandate when 44 men have been president and seven did what he did in two terms, he got 69 million votes the first time, 62 million votes the second time, i think he has a mandate. the things to be done that are great in this election happened to fall on the progressive side, in part because the republican party and conservatism has gone so far right things that used to be centrist, like environmentalism, which was a teddy roosevelt thing which even richard nixon was in favor of. >> john mccain. >> newt gingrich. >> these things have been now reclassed as liberal, right. the victories that the president has a chance to get which are historic, like on climate change, on immigration, are now progressive ideas because they've been left behind. >> it's now almost up to the republican party to grab a piece of that pie to say this is our victory too when in reality if they had done it earlier -- >> let's don't get in debate about th
so eisenhower, fdr, ronald reagan and barack obama. i think the idea that barack obama does not have a historic mandate when 44 men have been president and seven did what he did in two terms, he got 69 million votes the first time, 62 million votes the second time, i think he has a mandate. the things to be done that are great in this election happened to fall on the progressive side, in part because the republican party and conservatism has gone so far right things that used to be centrist,...
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Nov 12, 2012
11/12
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you know, since ronald reagan we no longer have 70% tax rates on the highest income earners. nobody is arguing for that. we're arguing to go back to 39.6%. on health care reform, the president's health care reform was basically a conservative idea put into the national spotlight by democrats and passed by democrats. education reform. even cap and trade is really a republican approach to solving environmental problems. we no longer have anyone saying we don't need to balance the budget. in a lot of ways these conservative ideas have won the day. so republicans are in a place where they moved further and further to the right as the democratic party has amoved further and further to the right. now they're out in the mainstream, and in order to have a meaningful, stark contrast with democrats, they've gone to such a far right place that the american people just aren't comfortable with what they propose. >> i'm encouraged by some of the language i heard coming from some folks on the right. there's still people in conservative circles who are saying we can't compromise our values.
you know, since ronald reagan we no longer have 70% tax rates on the highest income earners. nobody is arguing for that. we're arguing to go back to 39.6%. on health care reform, the president's health care reform was basically a conservative idea put into the national spotlight by democrats and passed by democrats. education reform. even cap and trade is really a republican approach to solving environmental problems. we no longer have anyone saying we don't need to balance the budget. in a lot...
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Nov 17, 2012
11/12
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ronald reagan's second term -- >> a few months ago, i told the american people i did not trade arms for hostages. my heart and my best intentions still tell me that's true, but the facts and evidence tell me it is not. >> reporter: the iran contra affair. bill clinton -- >> i did not have sexual relations with that woman. >> reporter: impeached after the lewinsky mess. and george w. bush, well, there was the valerie plame spygate scandal, not to mentioning the handling of hurricane katrina. that's trouble for roughly 100% of re-elected presidents since 1972. yes, it's enough to give you second thoughts about that second term. so is there anything the obama team can do to prevent this? now, as bill clinton might say. >> it depends upon what the meaning of the word "is" is. >> reporter: the fact is, if there is going to be a second-term scandal, its seeds were probably sewn in the first term. the watergate break-in, nixon's first term. the actual iran contra deal, reagan's first term. bill clinton's liaison with lewinsky, first term. the actual plame leaks, first term. so if the obama tea
ronald reagan's second term -- >> a few months ago, i told the american people i did not trade arms for hostages. my heart and my best intentions still tell me that's true, but the facts and evidence tell me it is not. >> reporter: the iran contra affair. bill clinton -- >> i did not have sexual relations with that woman. >> reporter: impeached after the lewinsky mess. and george w. bush, well, there was the valerie plame spygate scandal, not to mentioning the handling...
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Nov 14, 2012
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we haven't touched it since ronald reagan in 1986. bill clinton did raise it at one point but we haven't done anything to touch the rate and reform -- tecum from 16.5% to 15% which most of you are aware of because you do business there, and this capital investment is going to follow countries that have a more competitive environment in taxes is one of them's a we have to reform the tax code and when you do that you will get more revenue. it's guaranteed. again, as i was talking at earlier there are opportunities here for us as a country and if you look at the congressional budget analysts this and go to the tax committee analysis what tax reform could mean in the economic growth and all of them will lead to more growth with this corporate tax reform. estimate of the president says what he did last friday, this was fought over in the campaign and we fought over rising tax rates. jay carney said they would veto any bill that extends the current tax rate so if he insists that tax rates go out for those making over to under $50,000 will w
we haven't touched it since ronald reagan in 1986. bill clinton did raise it at one point but we haven't done anything to touch the rate and reform -- tecum from 16.5% to 15% which most of you are aware of because you do business there, and this capital investment is going to follow countries that have a more competitive environment in taxes is one of them's a we have to reform the tax code and when you do that you will get more revenue. it's guaranteed. again, as i was talking at earlier there...
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Nov 13, 2012
11/12
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ronald reagan did it with a democratic-led house after a far more resounding second-term victory than president obama's, as did bill clinton, with a republican-controlled house and a republican-controlled senate after a more resounding second-term victory than president obama. both examples -- both of them -- illustrate the rare opportunity that divided government presents. president obama can follow suit or he can take the extremist view that both reagan and clinton rejected, by thumbing his nose at the other side and insisting that if republicans aren't willing to do things his way, he won't do anything at all. now, if the president's serious, he'll follow the leads of president reagan and clinton. if he's really serious, he'll put the campaign rhetoric aside, propose a realistic solution that can pass a republican-controlled house and a divided senate, and work to get it done. and if the president acts in this spirit, i have no doubt he'll have the support of his own party and a willing partner in ours. and the american people will breathe a sigh of relief knowing not only that we'
ronald reagan did it with a democratic-led house after a far more resounding second-term victory than president obama's, as did bill clinton, with a republican-controlled house and a republican-controlled senate after a more resounding second-term victory than president obama. both examples -- both of them -- illustrate the rare opportunity that divided government presents. president obama can follow suit or he can take the extremist view that both reagan and clinton rejected, by thumbing his...
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Nov 12, 2012
11/12
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. >> bill: they say we're doing this in the legacy of ronald reagan. bull you know what. ronald reagan raised taxes five times. >> reagan would have no place in the current republican party given some of the things they did. grover norquist holds him up as an icon. grover is in a completely different place than he is on taxes. >> bill: why don't the media expose these people as the liars and hypocrites that they are? >> because they're fair and balanced. >> bill: so are we going over the fiscal cliff? >> i think we are. i think we are. for a couple of reasons. one, there's not a whole lot of time. it is six weeks from tomorrow to the start -- >> bill: they don't have any backbone. >> that's number two. number three 80 lame ducks who may not show up to vote. plus you've got this stale -- continuing stalemate on tax and spending policies and then on top of everything else, it is not really a fiscal cliff. it is a fiscal slope. it stays in place. they called it a cliff but the damage to the economy the real damage only happens if you expose it. >> bill: stan collender, check
. >> bill: they say we're doing this in the legacy of ronald reagan. bull you know what. ronald reagan raised taxes five times. >> reagan would have no place in the current republican party given some of the things they did. grover norquist holds him up as an icon. grover is in a completely different place than he is on taxes. >> bill: why don't the media expose these people as the liars and hypocrites that they are? >> because they're fair and balanced. >> bill:...
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Nov 14, 2012
11/12
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ronald reagan, in part with the help of jack kemp a generation ago, found a way to sell supply side economics as a blue collar alternative. to sell it to the common man. that's what reagan and kemp were all about. the republicans lost the ability to do that. they lost the argument once. they're going to have to figure out how to make that argument again because if they're going to say that unleashing the power of the free market is the route forward for the middle class and the working people of america, they need convincing arguments and convincing people to do it. mitt romney, if you look at it from even the slightest distance, was arguably the worst possible carrier of that message. they need somebody else. they need southern populism or populism from somewhere, but they also need the proof. they need the evidence. and lacking the evidence last time in the election of a week ago, a week or two ago, people went with the -- what they knew, which was the president's belief in the power of government to work well with the economy. >> i think they realized during the campaign thanks to some ext
ronald reagan, in part with the help of jack kemp a generation ago, found a way to sell supply side economics as a blue collar alternative. to sell it to the common man. that's what reagan and kemp were all about. the republicans lost the ability to do that. they lost the argument once. they're going to have to figure out how to make that argument again because if they're going to say that unleashing the power of the free market is the route forward for the middle class and the working people...
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Nov 16, 2012
11/12
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it was interesting he quoted ronald reagan on the floor yesterday to point out social security has nothing to do with the deficit or balancing budgets, payroll tax that employers and employees pay into the trust fund that finances that and it should not even be discussed in these negotiations. but furthermore, this whole election, this whole national election was a referendum on the republicans' ideas expressed so well by mitt romney by the way yesterday afternoon when he talked about with such contempt for people who might need college loans, or health care, god forbid. and, you know, this election showed americans are completely opposed to the proposed reforms by the republicans on medicare and social security. they don't want entitlements changed or touched. and they want to see the top 2% pay some taxes. like they did in the clinton era. so if their elected representatives come in and within a week they're talking about changing entitlements and not raising taxes on the very rich, it's not just liberals who will be disappointed. this is whole country here that are behind what obama and
it was interesting he quoted ronald reagan on the floor yesterday to point out social security has nothing to do with the deficit or balancing budgets, payroll tax that employers and employees pay into the trust fund that finances that and it should not even be discussed in these negotiations. but furthermore, this whole election, this whole national election was a referendum on the republicans' ideas expressed so well by mitt romney by the way yesterday afternoon when he talked about with such...
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Nov 15, 2012
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reagan was asked if he had anything to say to the people in the country who did not vote for him and who did not feel that they were part of the reagan revolution. he was also asked about nancy reagan falling down and bumping her head right before the election. he said that she had a tender lump on the side of her head, but that she would be fine. in president clinton's first press conference, after he was re-elected to a second term, the president started to answer a question about the role of first lady hillary clinton in the second clinton term, before he sort of diverted himself into talking about just how damned tired he was. >> well, let me answer the question about hillary. i think what first lady will do is something that i think it will be consistent with what she's been doing, but we have not, frankly, we've been too tired to talk about it. yesterday, i'm embarrassed to tell the american people, i actually slept past noon. i was tired. >> there's no shame in that. >> in the first press conference that george w. bush gave after he was re-elected in 2004, the president gave a
reagan was asked if he had anything to say to the people in the country who did not vote for him and who did not feel that they were part of the reagan revolution. he was also asked about nancy reagan falling down and bumping her head right before the election. he said that she had a tender lump on the side of her head, but that she would be fine. in president clinton's first press conference, after he was re-elected to a second term, the president started to answer a question about the role of...
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Nov 16, 2012
11/12
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the fact is it was an obama squeaker and if the republicans had put up a better candidate as ronald reagan got put up against jimmy carter, president obama would be unemployed right now. what do i think he wants to do? i think he wants to pursue his ideology. i don't think it's about economy. he told us what his ideology is. he told us, you didn't do that. i'm in the middle of silicon valley. we did that. we invented things. we changed the world. the way you and i are talking to each other coast to coast, we did that. it wasn't the government because they put in sidewalks and put stripes on the roads. but he believes that people -- that entrepreneurs and businesses don't do stuff. he believes the large, collective central organization, the government, is what does stuff. >> how do we get the free market back, t.j.? how do we get this whole great american economic country of ours back on the free market path? that's what i need to know. >> let me give you the bad answer. i think it's probably an accurate answer. we've had 12 years of economic mismanagement. this is not an obama/democrat pro
the fact is it was an obama squeaker and if the republicans had put up a better candidate as ronald reagan got put up against jimmy carter, president obama would be unemployed right now. what do i think he wants to do? i think he wants to pursue his ideology. i don't think it's about economy. he told us what his ideology is. he told us, you didn't do that. i'm in the middle of silicon valley. we did that. we invented things. we changed the world. the way you and i are talking to each other...
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Nov 14, 2012
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think of ronald reagan and tip o'neill reforming social security. ronald reagan and tip o'neill doing the last comprehensive tax reform. bill clinton and republican congress doing welfare reform and balancing the budget. we look forward to making this divided government productive for the american people. and we have, of course, as everyone well knows, a lot of challenges here at the end of the year. i'll be meeting with the president and the other leadership on friday to talk about the way forward. and we look forward to being a part of the solution to these significant problems. it's my plesh shoe now to turn to our newly elected whip, senator john cornyn of texas. >> thanks, mitch. it's an honor to be elected by my colleagues to serve as the whip. the assistant leader on the republican side. as leader mcconnell said, we have a lot of very difficult work to do, but we are committed to working with our colleagues across the aisle to solving the nation's urgent problems. we know what those are in the lame duck. we know what those are going forward.
think of ronald reagan and tip o'neill reforming social security. ronald reagan and tip o'neill doing the last comprehensive tax reform. bill clinton and republican congress doing welfare reform and balancing the budget. we look forward to making this divided government productive for the american people. and we have, of course, as everyone well knows, a lot of challenges here at the end of the year. i'll be meeting with the president and the other leadership on friday to talk about the way...
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Nov 18, 2012
11/12
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reagan did because they thought it was an effective anti-poverty program. >> congressman becerra, let me go to you. >> it's deja vu all over again. >> what are republicans doing to attract those certain members of the -- >> i don't think they read the tea leaves from november the 6th and i think they're still harkening to yesteryear. it's a new day in america and they should be catching up. he is the de facto leader of the party, mitt romney is still there so his comments remind folks of the 47% comment and it's unfortunate for them because they have to figure out a way to distance themselves from a guy who doesn't get it. >> i have to say he is not the de facto leader of the republican party. it hastened romney's departure completely from the scene. romney has -- i mean i talked to republicans now. they talk about how you'll never see him speak at a convention again. people won't go to his door begging for his endorsement. that's a great question. >> de facto leader. >> his comments went over like a lead balloon especially republicans i agree with my home state governor bobby jindal
reagan did because they thought it was an effective anti-poverty program. >> congressman becerra, let me go to you. >> it's deja vu all over again. >> what are republicans doing to attract those certain members of the -- >> i don't think they read the tea leaves from november the 6th and i think they're still harkening to yesteryear. it's a new day in america and they should be catching up. he is the de facto leader of the party, mitt romney is still there so his...
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we haven't touched it since ronald reagan really. in 1986. bill clinton did raise the rate one point but we haven't done anything to touch our rate and reform our code. every other country, all of them have. taxes gone from 16% to 15%. you do business there. this flow of capital will follow countries that have more competitive environment and taxes are one of them. yes, we have to reform the tax code. when you do that, i will get more revenue. it is guaranteed. again, sort of as i was talking about earlier. this is opportunities here. this is opportunity for us as a country. if you look at the congressional budget analysis and joint tax committee analysis, what tax reform could mean in terms of macroeconomic impact and growth, all will lead to more growth, whether corporate tax reform or individual tax reform. >> right but if the president insists as he did last friday, this was fought over in the campaign and, fought over tax rates, rising tax rates, he didn't ice the words rates himself but jay carney, the white house press secretary said t
we haven't touched it since ronald reagan really. in 1986. bill clinton did raise the rate one point but we haven't done anything to touch our rate and reform our code. every other country, all of them have. taxes gone from 16% to 15%. you do business there. this flow of capital will follow countries that have more competitive environment and taxes are one of them. yes, we have to reform the tax code. when you do that, i will get more revenue. it is guaranteed. again, sort of as i was talking...